Profit scarce as NexCen revenues soar

New York – Brand management company NexCen Brands – owner of the Waverly and Bill Blass brands, among others -- reported a net loss of $4.6 million in 2007, its first full year – even as revenues zoomed to $34.4 million from $1.9 million in the 10-month operational period of 2006.

While it recorded a net loss, the company noted that EBITDA for 2007 was $8.8 million, or 26% of revenue.

“We have now completed the first year of our long-term plan to acquire and manage internationally-recognized franchise and consumer brands, and we have made dramatic progress,” said ceo Robert D'Loren. “We have acquired nine strong brands. We have assembled a first-class team of experienced professionals at NexCen - and partnered with industry-leading designers, manufacturers, and franchise operators worldwide.”